CaixaBank, Sabadell Finalize Risk Transfers as Bank M&A Heats Up
By and Jorge Zuloaga
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CaixaBank SA and Banco Sabadell SA are finalizing significant risk transfers to free up capital for growth amid consolidation in the Spanish financial industry.
CaixaBank has priced an SRT linked to €2 billion ($2.3 billion) of corporate loans, while Banco Sabadell is completing a separate transaction linked to €1.3 billion of funding for small and mid-sized companies, according to people with knowledge of the deals. Both are expected to close in coming weeks, they said.
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